FXcess Review: A Deep Dive into the Broker's Services

What to Expect from Our FXcess Review

In this FXcess review, we provide an in-depth analysis of the broker's offerings, helping you determine if it aligns with your trading goals. Our team has conducted a thorough examination of FXcess's services, including its trading platforms, account types, fees, and client support. By the end of this review, you will have a clear understanding of the key features and potential drawbacks, empowering you to make a well-informed decision. We focus on providing objective information and actionable insights, not just a summary of what's on the website.

A Closer Look at FXcess

FXcess, operated by Notesco Limited, positions itself as a dynamic brokerage offering a range of trading instruments and services. We found that the brokers platform, primarily MetaTrader 4 (MT4), is a solid choice for most traders, from beginners to experienced professionals. This industry-standard platform is known for its robust charting tools, customizable interface, and support for automated trading via Expert Advisors (EAs).

The broker offers a diverse portfolio of trading assets, which is a key advantage. You can trade in six different asset classes, allowing for significant portfolio diversification. Our analysis shows that these include:

• Forex: A wide selection of major, minor, and exotic currency pairs.
• Commodities: Metals and energy-based CFDs.
• Indices: Popular global indices like the US Tech 100 and S&P.
• Stocks: CFDs on major international stocks.
• Cryptocurrencies: A selection of popular crypto CFDs available 24/7.

Regarding fees and spreads, FXcess provides competitive pricing. While specific spreads for major pairs like EUR/USD are not explicitly stated on the main pages, the broker advertises “tight spreads” and “fast market execution.” They offer two main account types: Classic and ECN. The Classic account has spreads starting from 1.7 pips with no commission, while the ECN account boasts spreads starting from 0.0 pips but charges a commission of $4.5 per lot round-turn. The minimum deposit for both accounts is $10. We also found that the maximum leverage is up to 1:1000 for the Classic account and up to 1:500 for the ECN account.

For funding, FXcess supports a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets like Skrill and Neteller. Deposits are processed instantly for most methods, while withdrawal times can vary.

Analyzing the Strengths and Weaknesses of FXcess

Based on our detailed review, here is a balanced overview of the pros and cons of trading with FXcess.

FAQs About FXcess Login

This section addresses common questions related to accessing your FXcess trading account.

How do I log in to my FXcess trading account?

You can log in to your FXcess trading account by navigating to the broker's official website and clicking the “Client Login” button. You will be prompted to enter your registered email address and password. If you are using the MT4 platform, you can log in directly through the platform using the account credentials provided by FXcess.

What should I do if I forget my password?

If you forget your password, you can use the “Forgot Password” link on the login page. You will need to enter your registered email address, and FXcess will send you instructions on how to reset your password. Its important to check your spam or junk folder if you do not receive the email immediately.

Can I log in to my account from a mobile device?

Yes, you can. FXcess supports the MetaTrader 4 mobile app, which is available on both iOS and Android devices. You can download the app from the respective app stores and use your account credentials to log in, allowing you to manage your trades on the go.

User Reviews

1. John D.

“I've been trading with FXcess for about six months, and the execution speed on the ECN account is fantastic. The spreads are exactly what I expected, and I haven't had any issues with withdrawals. The customer support team has also been very responsive whenever I've had a question. Overall, a solid experience.”

1. Maria K.

“The low minimum deposit was a big plus for me as a new trader. I've been using the Classic account, and the platform is easy to navigate. However, I wish they were more transparent about their regulatory status. The Bermuda license feels a bit risky, and it makes me a little cautious about depositing a large amount of capital.”

1. David R.

“My main issue with FXcess is the withdrawal process. I requested a withdrawal, and it took a lot longer than I anticipated. The communication was a bit slow, and it felt like I had to constantly follow up to get an update. The bonus terms were also a bit misleading; I didn't realize it couldn't be withdrawn until I read the fine print.”

Risk Disclaimer

Trading CFDs involves a high level of risk and may not be suitable for all investors. The high leverage can work both for and against you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. The regulatory status of FXcess from a Bermuda business registration should be noted as it may offer different levels of protection compared to other jurisdictions. You could lose some or all of your initial investment. Seek independent advice if necessary. This review is for informational purposes only and does not constitute financial advice.